Poging GOUD - Vrij
India braces for impact as 50% tariffs kick in
The Morning Standard
|August 27, 2025
Industry seeks urgent relief; RBI, govt offer credit, financial support
DASHING hopes of a last-minute reprieve, the Trump administration on Tuesday confirmed that the additional 25% tariff on Indian goods will kick in on August 27, taking the total levy to 50%.
According to a notice issued by the US Customs and Border Protection, the additional duties will cover a wide range of Indian exports including textiles, gems and jewellery, leather, machinery, furniture and marine products.
The tariffs are being imposed under US President Donald Trump's executive order of August 6, announcing a punitive 25% levy on India for buying Russian oil.
Dit verhaal komt uit de August 27, 2025-editie van The Morning Standard.
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